The Death of Forex: Is the Industry Destined for Destruction?,Preview Mode
AdJoin FxPro & fund from just $ via local bank with 0 fees. Your capital is at risk. Trade global markets with the lowest spreads & ultra fast execution. Free local funding You are right getting quick rich tries can die a trader in terms of investment. Forex itself is not harmful they way we choose to get profits, greed or high risk-taking that is not safe. people who lose all the time due to wrong planning or high expectations they say forex is not good business. However in this market, many successful traders No, it won't die. level 1. trooper · 4y. No it won't die. Government backed currencies will be around forever and exchanging these currencies will also be around forever. The forex market is the biggest and most liquid market in the world. You're OK 2. Exchange Rates and Currencies Would Collapse. Our world’s economic systems revolve around currencies, and the exchange rate between them is controlled by forex trading, more specifically central banks trading currencies to stabilize their currencies. So if forex trading would cease to exist, our currencies and their value would as well ... read more
Brokers, affiliates, tech and service suppliers can all play their part. There is a place to compete and beat your competition, but not before you secure your industry foundation.
Coming out from the shadow of the less scrupulous binary operators is hard work, and it means that everyone has a shared responsibility to appear to be cleaner than clean. When it comes to digital marketing, there are a few simple basics to follow. For example, Google looks for specific keywords in ads that automatically trigger alerts.
Terms like CFDs for example. Once this happens, it takes a bunch of hard work to get back from this. Google are approachable, and you can work with an account manager to keep your ads compliant while returning good results.
You can target CFDs as a search keyword, just refrain from using it in the ad copy. There are other tricks, like splitting campaigns into separate markets and terms.
Think about buying a pick and mix confectionary or snack. If you purchase the mix as a bundle, you will be charged at the per gram cost of the most expensive item. Whereas, if you purchased each item separately, you would pay less overall. You can also manage how to mix your budget to go further and get better results. For tech and service suppliers, I advise looking at the platform as a commodity.
The responsibility is to provide a value that solves the real problems of your clients. Their problem is not getting a Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.
Every broker needs one or more trading platforms to accommodate the needs of different clients. Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 MT4 and MetaTrader 5 MT5 have been the industry standard, especially when it comes to automated trading.
Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading. The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.
By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. What about helping with banking, payments, marketing, compliance - there is a raft of pain points you could solve for them.
Once you address key issues, clients are more sticky as they are more reliant on you. The list of tactics goes on. Some tactics do not include cloaking for Facebook. There are many other marketing channels including content marketing, influencers, SEO, native advertising, media buying - both online and offline. As long as there is money to be made and as long as central banks can reap the benefits from trading huge amounts of currencies, the forex market will never go away.
About Us Latest Contact Us. by Wendy Stokes February 3, Source: Source: veteranstoday. Contents 1. Too Massive to Erase 2. Exchange Rates and Currencies Would Collapse 3. Source: Business Matters. Source: veteranstoday. economic economic systems forex platforms Forex Trading. Wendy Stokes. previous post. The relationship between Prince William and Prince Harry with Prince Charles. next post. Related Posts. Guideline for Forex Brokers — Using the Guidelines May 13, Forex Trading: 4 Basic Trading Strategies for Beginner
We only have to look back less than a handful of years to see a thriving financial trading sector with both Forex and Binary Options. Today, Binary Options has virtually disappeared, and Forex looks to be on very shaky ground.
The number of new small brokers has been in sharp decline, and recently some middle-sized brokers have been closing their doors. There is a smell of fear in the air.
I talk to many people involved in the industry including brokers, technology providers, service providers, and affiliates. They are all saying the same - the industry is shrinking at an alarming rate. The reasons given are mostly as follows:. These reasons are all well and good, but they could equally apply to the gaming industry.
Having the privilege of also working with this sector, the effects seem far less pronounced, and there is still strong growth and new operators. There is an accordion effect on gaming with shrinkage and growth, but in the Finance sector, the rates of change and the amounts of change seems to be magnified. The question is why? And, the question I get asked the most is how to overcome them and not just survive but grow?
Here is a hard truth that is unpopular and maybe controversial - the fall has damaged the whole financial trading sector out of Binary Options. As Binary fell under the spotlight of the media and then governments, it has cast a long shadow on anything seemingly connected to it. This effect was felt most markedly in the cryptocurrency world. There was an almost immediate perception that ICOs were mostly scams like binary and that it was even the same players - shifting from binary into crypto looking to make a quick buck.
The Canadian Financial Regulators applied pressure on Google to ban advertising. The people at Google either do not understand or do not wish to understand the difference between ICOs, cryptocurrency mining, wallets or trading, or for that matter what a CFD is. And, with a vast amount of other sectors, mostly, much more lucrative sectors, they do not wish to invest time away from said sectors to learn. Far simpler to make one sweeping change of restrictions to cover all of these as if they were one.
They are not the only ones. Add to Google the likes of Facebook and your bank - why take any risks at all? So, how can the industry survive? If we can learn anything from other industries, that provided the industry protects their customers after decline comes growth.
Not only with the strong get stronger but new opportunities for smaller niche markets and therefore niche players in the markets. My advice changes depending on who is asking me, but each player along the chain can adapt and even grow stronger.
There is a shared core - and it revolves around creating a clean public image. Brokers, affiliates, tech and service suppliers can all play their part. There is a place to compete and beat your competition, but not before you secure your industry foundation. Coming out from the shadow of the less scrupulous binary operators is hard work, and it means that everyone has a shared responsibility to appear to be cleaner than clean.
When it comes to digital marketing, there are a few simple basics to follow. For example, Google looks for specific keywords in ads that automatically trigger alerts. Terms like CFDs for example.
Once this happens, it takes a bunch of hard work to get back from this. Google are approachable, and you can work with an account manager to keep your ads compliant while returning good results. You can target CFDs as a search keyword, just refrain from using it in the ad copy. There are other tricks, like splitting campaigns into separate markets and terms. Think about buying a pick and mix confectionary or snack. If you purchase the mix as a bundle, you will be charged at the per gram cost of the most expensive item.
Whereas, if you purchased each item separately, you would pay less overall. You can also manage how to mix your budget to go further and get better results.
For tech and service suppliers, I advise looking at the platform as a commodity. The responsibility is to provide a value that solves the real problems of your clients. Their problem is not getting a Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market.
Most commonly, this reflects an online interface or mobile app, complete with tools for order processing. Every broker needs one or more trading platforms to accommodate the needs of different clients. Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 MT4 and MetaTrader 5 MT5 have been the industry standard, especially when it comes to automated trading.
Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading. The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market.
However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels. By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. What about helping with banking, payments, marketing, compliance - there is a raft of pain points you could solve for them. Once you address key issues, clients are more sticky as they are more reliant on you. The list of tactics goes on. Some tactics do not include cloaking for Facebook.
There are many other marketing channels including content marketing, influencers, SEO, native advertising, media buying - both online and offline. Perhaps the company name should not include a reference to Forex?
What about diversification into other verticals that are similar to the core business? Even in the toughest of times, there are opportunities. It is about taking the time to be rational, logical and prepared for some work. FM Home.
Why Forex Trading Will Never Go Away,An Uncomfortable Truth
2. Exchange Rates and Currencies Would Collapse. Our world’s economic systems revolve around currencies, and the exchange rate between them is controlled by forex trading, more specifically central banks trading currencies to stabilize their currencies. So if forex trading would cease to exist, our currencies and their value would as well AdJoin FxPro & fund from just $ via local bank with 0 fees. Your capital is at risk. Trade global markets with the lowest spreads & ultra fast execution. Free local funding You are right getting quick rich tries can die a trader in terms of investment. Forex itself is not harmful they way we choose to get profits, greed or high risk-taking that is not safe. people who lose all the time due to wrong planning or high expectations they say forex is not good business. However in this market, many successful traders No, it won't die. level 1. trooper · 4y. No it won't die. Government backed currencies will be around forever and exchanging these currencies will also be around forever. The forex market is the biggest and most liquid market in the world. You're OK ... read more
The number of new small brokers has been in sharp decline, and recently some middle-sized brokers have been closing their doors. About Us Latest Contact Us. FM Home. By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. There are many other marketing channels including content marketing, influencers, SEO, native advertising, media buying - both online and offline.
Brokers, affiliates, tech and service suppliers can all play their part. You can also manage how to mix your budget to go further and get better results. There is a smell of fear in the forex need to die. Money runs the world, right? In fact, the forex industry is one of the most lucrative industries in the world for both private and corporate traders.
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